Leeds Building Society launches new fixed-rate buy-to-let

26-Apr-2007

Leeds Building Society has announced the launch of a new buy-to-let fixed-rate mortgage, which may be of interest to would-be first time buyers looking to invest.

Available to both repeat purchasers and first time buyers, the new mortgage offers an interest rate of 5.75 per cent fixed for a period of three years and is free from any higher lending charges.

To find out more about this mortgage and other mortgages for first time buyers, click here.

"[This mortgage allows] landlords to lock in value and provide certainty of payments, which will be of particular benefit if the widely predicted increase in [the] bank base rate takes place, possibly as early as next month," said Karen Wint, head of marketing and public relations at Leeds Building Society.

The mortgage also permits - without penalty - capital repayments of up to ten per cent each year and is available up to a maximum loan-to-value of 80 per cent.

Leeds Building Society offers a range of products, including credit cards and insurance products.

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